Owning a home is a dream for some people, but not Karen Akpan and her husband Sylvester. The California couple grew tired of “barely scraping by” and living in debt, so they sold their house in February 2020 and moved into an RV to travel full time. Their eight-year-old son, Aiden, is homeschooled, so they’re free to roam wherever the road takes them and they love it.
But the best part about their RV life is what it’s done for their finances. In just over a year and a half, the Akpans have been able to pay off $200-thousand in debt! About half of that was student loan debt, which Karen admits was “absolutely nuts!” They’re still paying off a small amount of credit card debt, but they’ve been traveling with their son around the U.S. and internationally while they do it and they wouldn’t change a thing.
The parents are also educating Aiden about financial literacy and financial planning to start him off right. Beyond getting out of debt, they also want to just spend more time together because they know life is short. And after all their traveling, they’re still not ready to go back to living in a house. “I’m not going back to that monthly mortgage,” Karen says, adding that their current lifestyle affords them vacations where they’re not counting pennies and that “living in a house would take that away from us again.”
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